Post

Slow Tuesday. Ten insider buy filings crossed the tape, and exactly two were worth your attention. The rest were noise — automated purchases and pocket-change buys. Here's the signal. ↓

The headline: Eyal Cohen, the CEO of BOS Better Online Solutions ($BOSC), just bought $101K of his own company's stock. Open-market, no pre-scheduled plan. When the person running the company reaches for his own wallet, that's a filing worth reading twice. ↓

Why it matters: a CEO buying without a pre-scheduled trading plan is choosing that moment deliberately. Nobody forced his hand. $101K from a small-cap CEO is real money, not a rounding error on a $4M salary. ↓

The quieter one: Leon Borck, a director at Equity Bancshares ($EQBK), bought $18.5K. Smaller check, same category — discretionary, not automated. A bank director adding shares isn't a scream. It's a nod. Nods are still data. ↓

Context for the skeptics, which I respect: since 2020 we've tracked 45,588 insider buys flagged like these. About 45% beat the market the next week. Average return across all of them: +3.7% — but the median was flat, meaning the wins come from a few big hitters.